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-1936 from when he worked on A Treatise on Money to the completion of his General Theory. The forced saving notion has been … demand in the General Theory and its process. I provide evidence suggesting that the development of the General Theory is … Fundamental Equations and subsequent theory of effective demand in the explanation of the problem of unemployment. …
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Both money and debt are products of credit creation of banks. Money is always circulating among traders by facilitating commodity transactions. In contrast, debt is created by borrowing and annihilated by repayment as it is matured. However, when this creation- annihilation process is mediated...
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